Benefytt Technologies, Inc.

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Ademi & O’Reilly, LLP is investigating Benefytt Technologies (Nasdaq: BFYT) for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Madison Dearborn.

Ademi & O’Reilly, LLP alleges Benefytt Technologies’ financial outlook is improving and yet shareholders will receive only will receive $31 per share. The merger agreement unreasonably limits competing bids for Benefytt Technologies by prohibiting solicitation of further bids, and imposing a termination penalty if Benefytt Technologies accepts a superior bid. Benefytt Technologies insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Benefytt Technologies’ board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Benefytt Technologies.